Please let your voice be heard by clicking here ---> Register your opposition to this proposal

A message from our President & CFO, Jeff Bonnett:
Continue to Urge Lawmakers to Oppose the IRS Reporting Plan

As Congress edges toward a final strategy to pay for their latest spending plan, we, along with CBAI and the ICBA urge you to tell Congress to reject this misguided effort to increase tax compliance.

This proposed IRS reporting requirement is unprecedented, raises serious concerns about individual privacy and data security, and will be an enormous compliance burden on community banks. Also, if implemented, this proposal will damage the close and beneficial relationship between community banks and customers and may change their banking practices. The IRS should instead direct its efforts toward improving tax compliance by more effectively using the vast amount of data it currently collects.

We recently heard that the proposed $600 reporting threshold may be increased, but we remain fundamentally opposed to this proposed reporting requirement at any level. Please let your voice be heard by clicking here ---> Register your opposition to this proposal.

We need a very strong showing from Illinois community bankers and their customers. Thank you for responding!

Proud of our past, Committed to your future

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